Mike Norman Economics

Just sent this to SCF [Strategic Culture Foundation]As you can see from this, the threats that have silenced many of your American contributors will be coming to Canada soon.I will no longer contribute to Strategic Culture Foundation. Thank you for your honourable behaviour and honesty. I am sorry to do this but it’s a case of force majeure. I’m too old to want to fight it.Please give any remaining honorariums to this charity supported by the Rotary Club of St Petersburg.Thank you.Patrick...

It's the cost (price) effect. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

Employers are only concerned with the economic, socializing the externality involved. Thus, these innovations appear to constitute a mixed bag that will have social and therefore political implications, in addition to economic, likely leading to labor unrest unless creative solutions are found and implemented successfully at scale.WCEG — The EquitablogExploring the impact of automation and new technologies on the future of U.S. workers and their familiesKathryn Zickuhr, labor market policy...

If countries like the United States are imposing high tariffs on Chinese exports, it stands to reason that China should depend less on exports. Likewise, if countries are restricting technology transfer to Chinese companies, China must ensure that it can develop the technologies it needs without outside help....First Russia and now China driven to import substitution to achieve greater self-sufficiency. The next obvious step is Russia and China sharing technology and manufacturing capability...

 I would amend the headline to "the world," since Russia has warned that it will strike command cneters, including the continental US, if the US/NATO attacks. China has committed to backing Russia. WWIII?India PunchlineSpectre of war is haunting EuropeM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/spectre-of-war-is-haunting-europe/

 Globo-neoliberalism gasping for air?CounterpunchThe Maestro of MessesPatrick Lawrencehttps://consortiumnews.com/2021/12/14/patrick-lawrence-the-maestro-of-messes/RelatedReminiscence of the FutureIt Hurts Where It Matters The Most. WealthAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. http://smoothiex12.blogspot.com/2021/12/it-hurts-where-it-matters-most-wealth.html

Speculative but interesting if you are interested in historical cycles. Hartmann sees the battle for replacement of neoliberalism (Thatcherism/Reaganism, "trickle down") as being between progressivism  on the left and populism, which he labels neo-fascism, on the right. Of course, the right labels progressivism as socialism and even communism. So it will be interesting to see this play out in the elections of US elections of '22 (midterm) and '24 (general). The GOP is already positioned...

Marx put it regarding the purely formal statements of capitalist/parliamentary democracy: “The state abolishes, in its own way, distinctions of birth, social rank, education, occupation, when it declares that birth, social rank, education, occupation, are non-political distinctions, when it proclaims, without regard to these distinction, that every member of the nation is an equal participant in national sovereignty.” But in reality, none of these real distinctions was removed:...

Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.The portion is equal to some 600 billion barrels of oil equivalent, the report’s authors also said. Some 10.5 percent of the global recoverable oil and gas reserves are located in places that were rated as extremely risky under the consultancy’s Climate Change Exposure Indices, while the other...

India PunchlineA Sino-Russian Military Alliance Is Gratuitous (As Of Now)M. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/a-sino-russian-military-alliance-is-gratuitous-as-of-now/Asia Times (disregard the view about debt)Putin, Xi running circles around Biden’s hybrid warPepe Escobarhttps://asiatimes.com/2021/12/putin-xi-running-circles-around-bidens-hybrid-war/AntiWarXi to Putin: Our Relationship ‘Exceeds an Alliance’Ray...